Types of Bills ( Contd.)
Important Points from Types of Bills ( Contd.)
As discussed earlier there are Four types of bills – Ordinary Bill, Money Bill, Constitutional Amendment Bill and financial Bill.
Indian Polity : Types of Bills ( Contd.)
- A Bill which is not Money or constitutional Amendment Bill.
- It can be introduced in Either House.
- This bill requires simple majority for its passage.
- Rajya Sabha has all the powers on an ordinary bill. It can pass, amend or reject the bill.
- As according to article 108 the Joint Sitting is applied.
- After passing this bill is sent to President.
Note– The President gives his assent and then bill becomes law or Act. President may return the bill also but this can be done once only. This process is known as Pocketing Veto.
2. Constitutional Amendment bill-
- The provision is given in the article 368.
- It can be introduced in either house.
- This bill can be passed by special Majority only.
- Rajya Sabha has all the Powers.
- President is bound to give his assent.
- There are some bills which requires the ratification by at least the half of the states.
- This includes- Some provision of SC/HC, representation of states in parliament, Distribution of Powers In Schedule VII ( Three Lists).
- According to Article 368 : the constitution can be amended in 3 Ways –
- i) By Special majority of Lok Sabha and Rajya Sabha.
- ii) By Special majority of Lok Sabha and Rajya Sabha and majority of States.
- iii) By Simple Majority.
3. Financial Bill –
A bill which contains at least 1 matter of article 110, and at least 1 matter outside art 110 is called a financial bill.
Matters of Article 110 (1)-
- Regulation of borrowing by the government.
- Custody of the Consolidated Fund of India.
- Imposition, abolition, remission, alteration or regulation of any tax.
- Payments into or withdrawals from these Funds;
- Appropriation of moneys out of the Consolidated Fund of India (CFI).
- Declaring of any expenditure to be expenditure charged on the Consolidated Fund of India or the increasing of the amount of any such expenditure.
- receipt of money on account of the Consolidated Fund of India or the public account of India or the custody or issue of such money or the audit of the accounts of the Union or of a State.
- Any matter incidental to any of the matters specified in (1) to (7).
So, concluding, any Bill that relates to revenue or expenditure is a Financial Bill.
A Money Bill is a special kind of Financial Bill.
It is defined very precisely and deals only with matters mentioned Above. A money bill is assented by the Speaker of Lok Sabha.
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